Economics
Nigeria Unemployment Rate Rises to 33%, Second Highest on Global List
- Jobless rate increased to 33.3% in the fourth quarter
- More than half of labor force are unemployed or underemployed
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Unemployment in Africa’s largest economy surged to the second highest on a global list of countries monitored by Bloomberg.
The jobless rate in Nigeria rose to 33.3% in the three months through December, according to a report published by National Bureau of Statistics on its website Monday. That’s up from 27.1% in the second quarter of 2020, the last period for which the agency released labor-force statistics.